Self-Compacting Concrete Market

Global Self-Compacting Concrete Market Size (2024 to 2029)

The self-compacting concrete market size is predicted to grow from USD 12.69 billion in 2024 to USD 18.91 billion in 2029 at an annual growth rate of 8.3% from 2024 to 2029

MARKET OVERVIEW

The self-consolidating concrete market, also known as self-consolidating concrete, is a non-segregating concrete that can sink under its own weight, spill into places, fill shapes, and encapsulate reinforcement without any mechanical consolidation. Today, self-compacting concretes have proven to be a boon to the construction industry compared to normal concrete due to the rapid development of construction techniques involving the use of modern machinery and a wide range of chemicals and additives, among others. Self-compacting concretes are employed in the construction industry to ensure durable concrete structures, regardless of the requirements of skilled workers. This concrete can be compacted in each corner of a formwork, only thanks to its own weight and without the need for vibratory compaction.

MARKET DRIVERS

The self-compacting concrete market is widely employed in the construction of drilled wells in the oil and gas industry. In the oil and gas industry, wells are primarily employed to search, locate, and drill natural resources. In addition, oil companies in the Middle East are escalating their investments in the oil and gas sector due to rising oil prices, which will have a significant positive impact on drilling activities.

The expansion of the self-compacting concrete industry can be attributed to the escalating need for a vibration-free process for concrete placement, lower cost of MRO, better air quality, and less impact on the home environment, along with consolidating concrete repair and construction activities. The industry is also predicted to be aided by the health and safety benefits of concrete and improved construction and performance results. No vibration processes are required in the placement of self-compacting concrete. The low noise level involved in self-compacting concrete construction activities is also a positive growth driver.

MARKET RESTRAINTS

The high cost of self-compacting concrete is an important factor hampering the expansion of the industry. The high expenses of raw materials employed in the making of self-compacting concrete continue to hinder their employment in several sectors of the construction industry. Nevertheless, the productivity economy of self-compacting concrete support offers favorable performance advantages and is economical.

MARKET OPPORTUNITIES

Strong expansion in the oil and gas industry, primarily in the United States, China, and the Middle East, will augment the call for this concrete, and should therefore lead to overall market share for self-compacting concrete by 2025. According to the International Energy Agency, the United States is predicted to boost the world oil supply in the next five years thanks to the formidable strength of its oil shale industry. Non-requirement of the vibration procedure for SCC is a significant driver for the industry analyzed.

MARKET CHALLENGES

The worldwide industry for self-consolidated concrete is predicted to be affected by the high cost associated with its use in all developing countries. Furthermore, this situation is predicted to change radically in the Asia-Pacific region due to the development of advanced self-consolidating concrete.

REPORT COVERAGE

DETAILED SEGMENTATION OF THE GLOBAL SELF-COMPACTING CONCRETE MARKET INCLUDED IN THIS REPORT

This research report on the global self-compacting concrete market has been segmented and sub-segmented based on application, type, end-user, and region.

Global Self-Compacting Concrete Market By Application

• Metal Decking
• Drilled Shafts
• Columns
• Concrete Frames

Global Self-Compacting Concrete Market By Type

• Powder Type SCC
• Viscosity Type SCC
• Combination Type SCC

The powder-type segment held the largest portion of the worldwide self-compacting concrete industry in 2023. The combination type is predicted to grow at the highest CAGR between 2024 and 2029.

Global Self-Compacting Concrete Market By End-User

• Infrastructure
• Oil & Gas
• Building & Construction

The infrastructure end-user segment is predicted to expand with the highest annual expansion rate between 2024 and 2029. It is also the largest type segment of the worldwide self-compacting concrete industry in 2023.

REGIONAL ANALYSIS

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

The Asia-Pacific industry is predicted to grow to the highest CAGR during the outlook period.

The construction industry in the Asia-Pacific region is predicted to remain the largest industry due to rapid expansion in per capita income and escalating urbanization in the region. The Asia-Pacific region is one of the fastest-growing industries, primarily due to population expansion and the gradual increase in construction activity. Positive expansion in the construction and infrastructure industry, primarily in APAC and Latin America, and MEA, are the main contributors that will help to reap the favorable benefits of the global self-compacting concrete market industry during the foreseen period.

The MEA self-compacting concrete market industry is predicted to be the fastest-growing during the outlook period.

This is mainly due to the rapid progress of the construction industry in this region. Also, Saudi Arabia will invest more than $ 500 billion in a project to build a mega with the aim of developing its economy, which will have a positive impact on the size of the industry during the foreseen period. Additionally, expansion in the oil and gas industries in the United States, will lead to an expansion in drilling activities and ultimately drive the size of the self-compacting concrete market industry during the envisioned period.

Europe is currently the world leader in SCC and is predicted to grow at a sustained rate during the foreseen period.

The escalated focus of the consumer on low-noise construction activities and the gradual recovery of the construction and housing sector in Europe in recent years are some of the factors that contribute to the expansion of the industry studied in this region. In addition, the escalating popularity of the fine SDC basses is also an important determining factor for the industry studied in Europe. Therefore, due to the reasons mentioned above, Europe is predicted to experience the most studied industry share during the calculated period.

KEY PLAYERS IN THE GLOBAL SELF-COMPACTING CONCRETE MARKET

The major key players in the global Self-Compacting Concrete market are CEMEX S.A.B, de C.V, ACC Limited, SIKA AG, Lafarge Holcim, BASF SE, Tarmac Trading Limited, Kilsaran, HEIDELBERG CEMENT AG, Unibeton Ready Mix, Ultra Tech Cement Ltd., Breedon Group plc, Buzzi Unicem USA Inc, UltraTech Cement, Hong Leong Group, Unibeton Ready Mix, Hope Construction Materials, and Others.

RECENT HAPPENINGS IN THE MARKET

• Ready-mix concrete maker ACC Concrete, a subsidiary of ACC Ltd., introduced a quality M-100 self-compacting concrete solution designed for high-intensity tower construction. Pumping concrete into towers is a difficult task that requires specialized solutions and technology.
• UltraTech Concrete, a division of UltraTech Cement Limited, India's largest ready-mix concrete manufacturer has introduced a number of specialized concrete products for the design and construction industry.